M&T Bank (MTB): financials, SEC filings and peers
M&T Bank (MTB) is a regional banks company in the Financials sector of the S&P 500, headquartered in Buffalo, New York.
It was founded in 1856 and joined the S&P 500 on February 23, 2004.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “State Commercial Banks”.
M&T Bank at a glance
- Revenue (12 months)
- $1.7B
- Revenue growth
- +5.5%
- Operating margin
- 227.3%
- Net income (12 months)
- $3.0B
- Free cash flow (12 months)
- —
- Cash
- $16.1B
- Debt
- $20.0B
- Diluted EPS (12 months)
- $19.15
Twelve months to September 30, 2026, from the 10-Q filed November 5, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, M&T Bank reported revenue of $1.7 billion, about the same as a year earlier (+5.5%).
Its operating margin was 227.3%, up 6.1 percentage points from a year earlier: for every $100 of sales, about $227 was left as operating profit.
Net income was $3.0 billion (175.6% of revenue), 8.8% higher than a year earlier.
At the end of the period it held $16.1 billion in cash and $20.0 billion in debt, a net debt position of $3.9 billion.
The diluted share count fell 7.3% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $6.0 billion in fiscal 2020 to $1.7 billion in fiscal 2025, a decline of about 22.6% a year.
- Free cash flow was positive in each of the last 4 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.0B | $8.2B | $9.6B | $1.5B | $1.7B |
| Revenue growth | 0.6% | 36.5% | 17.9% | -84.0% | 7.5% |
| Operating margin | — | — | — | — | — |
| Net income | $1.9B | $2.0B | $2.7B | $2.6B | $2.9B |
| Free cash flow | $2.6B | $4.4B | $3.6B | — | — |
| Diluted EPS | $13.80 | $11.53 | $15.79 | $14.64 | $17.00 |
Fiscal years as reported in M&T Bank’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed November 5, 2026 — quarterly report
- 8-K filed October 16, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed September 28, 2026 — Regulation FD disclosure
- 8-K filed September 22, 2026 — Other event
- 8-K filed September 14, 2026 — Regulation FD disclosure
- 10-Q filed August 4, 2026 — quarterly report
- 8-K filed July 21, 2026 — Bylaw or fiscal-year change; Other event
- 8-K filed July 15, 2026 — Earnings results; Regulation FD disclosure
Companies like M&T Bank
Other S&P 500 companies in Regional Banks:
- CFGCitizens Financial GroupProvidence, Rhode Island
- FITBFifth Third BancorpCincinnati, Ohio
- HBANHuntington BancsharesColumbus, Ohio; Detroit, Michigan
- KEYKeyCorpCleveland, Ohio
- RFRegions Financial CorporationBirmingham, Alabama
More from Financials
Questions about M&T Bank
Is M&T Bank's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $1.7 billion, up 5.5% from a year earlier, according to its SEC filings.
Is M&T Bank profitable?
Yes. It earned $3.0 billion in net income over the twelve months to September 30, 2026, a net margin of 175.6%.
Does M&T Bank have more cash or more debt?
At September 30, 2026 it had $16.1 billion in cash and $20.0 billion in debt, so more debt than cash.
When did M&T Bank last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on November 5, 2026.
Which companies are similar to M&T Bank?
In the S&P 500, M&T Bank is grouped in Regional Banks within the Financials sector. Citizens Financial Group (CFG), Fifth Third Bancorp (FITB), Huntington Bancshares (HBAN), KeyCorp (KEY), Regions Financial Corporation (RF) are in the same group.
Understand the numbers
Source: M&T Bank’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.